Item		Cost		Purchase Date		Useful Life (in years)		Salvage Value
Machinery		$55,380		Jan. 1, 2012		10		$ 0
Forklift		23,400		Jan. 1, 2019		5		0
Truck		26,056		Jan. 1, 2017		8		2,344

During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $9,360. The truck was discarded on December 31. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to update depreciation for each asset from January 1, 2022, to disposal date.)

Item		Gain or Loss		Amount
Machinery		select an option GainLoss No gain or loss		$enter a dollar amount
Forklift		select an option GainLoss No gain or loss		$enter a dollar amount
Truck		select an option GainLoss No gain or loss		$enter a dollar amount